CHINA CONTRADICTIONS
Inflationary pressures fueled by rapidly rising consumer prices and a global economic downturn triggered by the U.S. subprime crisis are presenting China with its “most difficult fiscal challenge ever” China’s Premier Wen Jiabao said following the initial session of the country’s National People’s Congress.
He said he is worried by the fall of the dollar; kind of monetary policy will the U.S. take and, what direction will its economy take?” Privately the Chinese and many other world trading partners are worried about a major corruption of U. S. trade as a result of the November elections — some of the isolationist talk is very disturbing to many.
China has purchased advanced anti-ship cruise missiles (SS-27) from Russia, posing a major threat to U.S. aircraft carriers and other warships, the commander of U.S. forces in the Pacific said last week. It can be fired from submarines and surface ships. It is a very sophisticated piece of hardware and we are currently not as capable of defending against that missile as I would like,” Pacific Commander Admiral Tim Keating said.
China is the ‘largest provider of small arms to Sudan’ and is responsible for worsening the violence in the tragic Darfur region, a U.S.-based rights group charges.
At the same time China is about to stage what it hopes can appears to be a new “opening” by hosting the 2008 Olympics. At the same time western governments are advising tourist not to expect privacy meaning the often paranoid Chinese will snoop.
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